Sunday, September 1, 2013

I think there will be no Tapering of Bond-Buying Programme

What are the chances of the US Fed Reserve tapering its asset-buying programme?

Marc Faber : I think capital flows have moved out of emerging economies because the
US equity markets have started performing well over the last one year.
Investors must realise that the yield on US 10-year treasury notes
bottomed in July 2012 at 1.43%, and after that it moved to 2.88%. In my
view, the asset purchase programme of the Fed has been a complete
disaster.
The US economy is still weak, otherwise McDonalds and
Walmart would have reported much favorable results. Given the weakness
in the economy and employment, and given the frame of mind of Fed
members, most of them are extremely dovish. I think there will be no
tapering of bond-buying programme. And I won't be surprised if in a
year's time the Fed increases asset purchases.- in ET Now

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

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Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Dr. Marc Faber joins Alex Jones live via Skype to expose how contemporary politics aim to use white people as a generic group to blame f...

Dr Faber studied economics at the University of Zurich and, at the age of 24, obtained a PhD in economics. He publishes a widely read monthly investment newsletter The Gloom, Boom & Doom Report, which highlights unusual investment opportunities, and is the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery which was first published in 2002 and highlights future investment opportunities around the world. Tomorrow’s Gold was for several weeks on Amazon’s bestseller list and has been translated into Japanese, Korean, Thai and German. A regular speaker at various investment seminars, Dr Faber is well known for his contrarian investment approach. He is also associated with a variety of funds.

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Dr. Marc Faber Short Bio

Who is Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.